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Markets Live: ASX turns red as mood sours

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Miners lose some of their initial strong gains following a slide in iron ore futures, while the Aussie slips back below US77c on weak employment data.

Heinz security guard accused of insider-trading plot

It's the second insider trading case related to the $US28 billion takeover of Heinz by Warren Buffett's Berkshire ...

A security guard for a Heinz board member, Todd David Alpert printed out an email for his employer with the terms of the $36 billion takeover of the food giant. The next day, he called his broker and started trading.

Unemployment rate jumps to 5.9%

Full-time employment rose by 27,100 jobs, while the number of part-time jobs was down by 33,500.

The jobless rate has unexpectedly jumped to 5.9 per cent, its highest level in just over a year, as the economy shed 6400 jobs in February.